News Summary

• Radisson Hotel Kathmandu is undergoing a significant renovation project.
• 40 rooms are undergoing refurbishment, with plans to renovate another 60 rooms in the near future.
• Despite the ongoing renovations, Oriental Hotels, the operating company behind Radisson Hotel, reported a strong financial performance for the fiscal year 2024/25.
• In the first eight and a half months, the hotel generated revenue exceeding 758 million NPR.
• However, with ongoing hotel renovations, the occupancy rate has seen a slight dip.